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Pay Ranges for Managerial Jobs Are Larger Than the Ranges

question 38

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Pay ranges for managerial jobs are larger than the ranges for other jobs because these jobs have greater opportunity for both discretion and performance than lower-level jobs.


Definitions:

Poverty Line

A threshold income level below which an individual or family is considered financially incapable of meeting basic living expenses.

Quartile

A statistical term describing each of four equal groups into which a population can be divided based on a particular variable.

Annual Family Income

The total amount of money earned by all members of a family within one year.

Income Distribution

The way in which total income is shared amongst the members of a society, often analyzed to understand the extent of economic inequality.

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